"Peter Beck, the CEO of Rocket Lab, mentioned that competing against better-funded rivals like SpaceX is their 'superpower,' showcasing a unique strength in the industry."
"I have all of the knowledge of the risks and none of the courage to accept them,' Beck admitted, highlighting his preference to stay grounded rather than venture into space directly."
Rocket Lab's stock price surged up to 53%, briefly surpassing its all-time high of $20.72 after the company announced strong third-quarter earnings on November 13.
The Neutron rocket represents a pivotal part of Rocket Lab's business, aimed at deploying satellite constellations, indicating their bold move into the medium-lift market.
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